Protection and Peace of Mind for Your Cannabis Business
  • admin
  • Comments are closed

Protection and Peace of Mind for Your Cannabis Business

In recent years, many states have made recreational cannabis legal for consumption by adults 21 and older, creating a new and booming industry. For those looking to get involved, holding specialty cannabis insurance can go a long way towards protecting yourself and your business.

Who Can Get Covered

Individuals and businesses at all levels of the supply chain can be covered by this insurance. This includes growers, laboratories, distributors and wholesalers, medical dispensaries and retail sellers.

General Protection

Some types of protection included under specialty cannabis insurance are general liability, product liability and commercial property coverage. Depending on your operations, you may pick and choose from options in these and other categories to get the complete protection you need.

When Things Go Wrong

Your insurance can also include protection for unexpected incidents. This includes coverage for workers’ compensation and protection from employee theft and dishonesty, as well as coverage for equipment breakdown and business interruption. Different businesses have different risks, and you should choose your coverage accordingly.

Many people want to get in on the ground floor as the commercial cannabis industry takes off in the United States. As you get started on your business journey, be sure to seek out specialty cannabis insurance to stay protected as you grow.

Tips for Starting a Laundry Business
  • admin
  • Comments are closed

Tips for Starting a Laundry Business

Laundromats are an important consumer service that will always be in demand. Here are some tips on what you’ll need to do to start a successful laundromat.

Choose a Good Location

Laundromats tend to do well in urban areas where there are a lot of apartment buildings. In cities with a high premium on square footage, people often don’t have washers or dryers in their unit. Many people who’s building’s have a washer or dryer for tenants’ use prefer going to a laundromat because it’s less expensive and they can do more laundry at once.

Insure Your Operations

You need a comprehensive commercial insurance package to protect your operations. You’ll have to insure your business against liability claims and also protect the value of your assets.

Invest in Equipment Wisely

The cost of equipment is a big factor in laundromat’s profitability. If your machines are in disrepair and constantly require service, it will cut into your revenue. Look for relatively new machines that are in good condition. Ideally, you should look for energy efficient models so you won’t have to spend a lot on your utilities.

Starting a laundry business takes a lot of hard work, but it can be extremely rewarding. Plan your budget carefully, and be prepared to deal with the unexpected.